Foreign Institutional Investors, FIIs have invested nearly 4,800 crore rupees into stock markets in August so far, despite country's slow economic growth and weak monsoon. According to SEBI, during August 1-10,FIIs were gross buyers of shares worth 17,544 crore rupees, while they sold equities amounting to 12,750 crore rupees. This has translated into net inflows of 4,794 crore rupees. Market experts said foreign investors have sidelined concerns over weak monsoon, slowing economic growth and a high interest rate regime, mainly on hopes that government would initiate fresh reforms initiatives.
News On AIR | August 12, 2012 1:59 PM
FIIs pump in Rs. 4,800 cr into Indian stock markets this month so far